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Lawyer at Bahar & Partners
Trucks and heavy equipment are in operation at a construction site. President Joko “Jokowi” Widodo has pledged to focus on infrastructure development in his five-year term, boosting share prices of infrastructure-related firms. (Tempo/-)
Since his election as president, Joko “Jokowi” Widodo has many times pledged to promote Indonesia as a haven for domestic and foreign investors.
An increase in new investment is necessary in order to help Jokowi’s administration accomplish one of his main “Nawacita” (Nine Aspirations) missions: to build and strengthen national infrastructure for the sake of the equal distribution of accelerated inter-regional development.
Yet we can clearly observe that such a desire is far from being fulfilled as the flows of investment into Indonesia have not yet met the President’s expectations.
Indonesia received Rp 612.8 trillion (about US$46 billion at current exchange rate) in new investment in 2016, a 3 percent increase from Rp 545.4 trillion in 2015. These amounts seem enormous, but they are actually qui...
Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.
